Number of traders net-short has decreased by 15.40% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
51.12% |
48.88% |
42.12%
25.12% |
-23.31%
-15.40% |
0.29%
1.39% |
France 40: Retail trader data shows 51.12% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Apr 06 when France 40 traded near 4,380.00, price has moved 0.09% lower since then. The number of traders net-long is 42.12% higher than yesterday and 25.12% higher from last week, while the number of traders net-short is 23.31% lower than yesterday and 15.40% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Our data shows traders are now net-long France 40 for the first time since Apr 06, 2020 10:00 GMT when France 40 traded near 4,380.00. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
